Raised over $77,000 for various charities through its community engagement programs. Improved recycling programs at 98% of these properties, with waste data coverage of 83%, and completed lighting retrofit projects at 15 communities resulting in projected annual savings of nearly 1,540,000 kWh, or $212,300 in energy costs. Rolling out seven key Diversity, Equity, and Inclusion (DEI) initiatives through the DEI Committee, chaired by the company's CEO, Greg Bates, to help integrate DEI in all facets of the organization. Making substantial progress towards its 2027 environmental targets in all four impact areas, with a 10% reduction from the 2017 baseline in energy use, a 7% reduction in emissions, a 4% reduction in water usage, and a 27.6% waste diversion rate. GID's leadership team developed language for its employee values and traits and strengthened its core values, resulting in new values that describe the company culture: Accountable, Inclusive, Energizing, and Courageous.Įarning 65 certifications across 49 properties, including 17 Energy Star certifications and 13 LEED certifications. The report also includes other key highlights that showcase a year of successful ESG benchmarks: Definition: Real estate investing refers to the purchase of property as an investment to generate income rather than using it as a primary residence. In addition, a second investment vehicle managed by GID in the same asset class has earned a top ten ranking in its first reporting year. Residential, Multifamily Core Non-Listed Category for the second consecutive year. In 2021, for the second consecutive year, a GID investment vehicle achieved recognition as Residential Americas Regional Sector Leader, earning 1 st place in the 2021 GRESB Real Estate Benchmark in the U.S. The principles of ESG are integral to our corporate mission and we are steadfast in our commitment to make a positive impact on the communities in which we live and work." "This year, we made great strides toward our program goals - we expanded our DEI program offerings, implemented numerous environmental initiatives, and engaged our residents and associates through charitable activities in their local communities. Rental Properties Owning rental properties can be a great opportunity. 5 Simple Ways To Invest In Real Estate 1. Apartment developers in the largest 150 US towns delivered 395 775 new housing units during the fiscal. The article surmises that the upper end of the luxury market is over-built and prone to a flattening or a market correction. "At GID, we believe that in order to be a great company, we must first strive to do good," says Philip Carmody, Head of ESG and Corporate Programs at GID. Real estate investment trusts (REITs) are basically dividend-paying stocks. CNBC released a report last week that said that the multifamily real estate sector is experiencing an 'acute crisis'.
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